{"schema_version":"1.0","name":"ARXX Technical Research Pack","type":"technical_research_pack","method_version":"technical-research-pack-1","as_of":"2026-08-21","ticker":{"uuid":"aa256452-ff73-4402-9a91-4cbfb4e2b882","symbol":"ARXX","name":"ARK Space & Defence Innovation UCITS ETF A USD Acc","exchange":"GER","country":"DE","asset_type":"etf","currency":"EUR","sector":null,"industry":null},"summary":"Market Dynamics improved this week but remains below zero. Underlying support has contracted across the recent completed path. Price has moved below the distribution zone after Market Dynamics weakened.","sections":[{"name":"Executive technical read","description":"Completed-week price state, Market Dynamics alignment, current price and the principal technical KPIs."},{"name":"Market Dynamics","description":"The proprietary relationship between completed price, underlying support, positioning zones and confirmation."},{"name":"Ticker evidence record","description":"Current application, comparable historical conditions, zone outcomes and practical review conditions."},{"name":"Adaptive technical evidence","description":"Six condition-selected views: Trend, acceptance and volatility envelope, Activity pressure and cumulative balance, Range pressure and compression, Acceleration, deceleration and rollover, Drawdown and recovery pressure, Range position and boundary pressure."},{"name":"SM Tape Intelligence","description":"Resolved consensus with Control, Force, Direction and Confirmation gauges against completed price."},{"name":"Research boundary","description":"Dated scope, interpretation limits, methodology version and source references."}],"research":{"available":true,"asOf":"2026-08-21","observations":41,"displayedObservations":41,"assetType":"ETF","state":"Rotational","stateTone":"caution","summary":"Market Dynamics improved this week but remains below zero. Underlying support has contracted across the recent completed path. Price has moved below the distribution zone after Market Dynamics weakened.","evidenceAlignment":{"status":"Rollover warning","headline":"Price has moved below distribution as Market Dynamics weakened","summary":"Market Dynamics improved this week but remains below zero. Underlying support has contracted across the recent completed path. Price has moved below the distribution zone after Market Dynamics weakened.","take":"The prior extension has started to roll over. Further price weakness would confirm the downside transition; a recovery in both readings would remove the warning.","tone":"negative","conflict":true},"marketDynamics":{"available":true,"readAvailable":true,"dates":["2026-05-29","2026-06-05","2026-06-12","2026-06-19","2026-06-26","2026-07-03","2026-07-10","2026-07-17","2026-07-24","2026-07-31","2026-08-07","2026-08-14","2026-08-21"],"values":[1.005895,1.176911,1.039674,1.029182,0.7782,0.692983,0.38986,-0.015849,-0.192969,-0.452305,-0.490644,-0.434773,-0.372336],"opens":[5.161,5.128,4.9275,5.056,4.6525,4.9775,4.75,4.456,4.4735,4.48,4.4695,4.9945,5.073],"highs":[5.393,5.163,5.12,5.174,4.756,5.002,4.7515,4.4795,4.6325,4.544,4.902,5.095,5.08],"lows":[5.087,4.9525,4.8855,4.937,4.6005,4.947,4.692,4.3645,4.4415,4.299,4.4125,4.9335,4.699],"closes":[5.242,4.98,4.936,5.022,4.756,4.974,4.692,4.4355,4.4855,4.413,4.902,5.028,4.74],"hoverRows":[[{"label":"Open","value":"5.16","className":"is-ohlc","compact":true},{"label":"High","value":"5.39","className":"is-ohlc","compact":true},{"label":"Low","value":"5.09","className":"is-ohlc","compact":true},{"label":"Close","value":"5.24","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"1.01","note":"Supportive and strengthening","className":"is-positive","wide":true},{"label":"Signal / event","value":"Reversal danger","className":"is-negative","wide":true}],[{"label":"Open","value":"5.13","className":"is-ohlc","compact":true},{"label":"High","value":"5.16","className":"is-ohlc","compact":true},{"label":"Low","value":"4.95","className":"is-ohlc","compact":true},{"label":"Close","value":"4.98","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"1.18","note":"Supportive and strengthening","className":"is-positive","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"4.93","className":"is-ohlc","compact":true},{"label":"High","value":"5.12","className":"is-ohlc","compact":true},{"label":"Low","value":"4.89","className":"is-ohlc","compact":true},{"label":"Close","value":"4.94","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"1.04","note":"Supportive but easing","className":"is-positive","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"5.06","className":"is-ohlc","compact":true},{"label":"High","value":"5.17","className":"is-ohlc","compact":true},{"label":"Low","value":"4.94","className":"is-ohlc","compact":true},{"label":"Close","value":"5.02","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"1.03","note":"Supportive but easing","className":"is-positive","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"4.65","className":"is-ohlc","compact":true},{"label":"High","value":"4.76","className":"is-ohlc","compact":true},{"label":"Low","value":"4.60","className":"is-ohlc","compact":true},{"label":"Close","value":"4.76","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"0.78","note":"Supportive but easing","className":"is-positive","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"4.98","className":"is-ohlc","compact":true},{"label":"High","value":"5.00","className":"is-ohlc","compact":true},{"label":"Low","value":"4.95","className":"is-ohlc","compact":true},{"label":"Close","value":"4.97","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"0.69","note":"Supportive but easing","className":"is-positive","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"4.75","className":"is-ohlc","compact":true},{"label":"High","value":"4.75","className":"is-ohlc","compact":true},{"label":"Low","value":"4.69","className":"is-ohlc","compact":true},{"label":"Close","value":"4.69","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"0.39","note":"Supportive but easing","className":"is-positive","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"4.46","className":"is-ohlc","compact":true},{"label":"High","value":"4.48","className":"is-ohlc","compact":true},{"label":"Low","value":"4.36","className":"is-ohlc","compact":true},{"label":"Close","value":"4.44","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"-0.02","note":"Cautious and weakening","className":"is-negative","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"4.47","className":"is-ohlc","compact":true},{"label":"High","value":"4.63","className":"is-ohlc","compact":true},{"label":"Low","value":"4.44","className":"is-ohlc","compact":true},{"label":"Close","value":"4.49","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"-0.19","note":"Cautious and weakening","className":"is-negative","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"4.48","className":"is-ohlc","compact":true},{"label":"High","value":"4.54","className":"is-ohlc","compact":true},{"label":"Low","value":"4.30","className":"is-ohlc","compact":true},{"label":"Close","value":"4.41","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"-0.45","note":"Cautious and weakening","className":"is-negative","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"4.47","className":"is-ohlc","compact":true},{"label":"High","value":"4.90","className":"is-ohlc","compact":true},{"label":"Low","value":"4.41","className":"is-ohlc","compact":true},{"label":"Close","value":"4.90","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"-0.49","note":"Cautious and weakening","className":"is-negative","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"4.99","className":"is-ohlc","compact":true},{"label":"High","value":"5.09","className":"is-ohlc","compact":true},{"label":"Low","value":"4.93","className":"is-ohlc","compact":true},{"label":"Close","value":"5.03","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"-0.43","note":"Cautious but repairing","className":"is-negative","wide":true},{"label":"Signal / event","value":"Reversal warning","className":"is-caution","wide":true}],[{"label":"Open","value":"5.07","className":"is-ohlc","compact":true},{"label":"High","value":"5.08","className":"is-ohlc","compact":true},{"label":"Low","value":"4.70","className":"is-ohlc","compact":true},{"label":"Close","value":"4.74","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"-0.37","note":"Cautious but repairing","className":"is-negative","wide":true},{"label":"Signal / event","value":"Reversal danger","className":"is-negative","wide":true}]],"pressureRange":[-2.3,2.3],"priceRange":[4.36326,5.29174],"zones":{"accumulationBoundary":-1.5,"accumulationDarkBoundary":-2.0,"distributionBoundary":1.5,"distributionDarkBoundary":2.0},"latest":-0.372336,"state":"Negative and weakening","context":{"scenario":"negativeWeakening","latestDirection":"strengthening","fourWeekDirection":"weakening","now":{"label":"Stronger this week","detail":"Market Dynamics improved this week but remains below zero."},"fourWeek":{"label":"Weakened over four weeks","detail":"Underlying support has contracted across the recent completed path."},"price":{"label":"Price and Market Dynamics are broadly aligned","detail":"The current price response is broadly consistent with the underlying Market Dynamics path."}},"diagnosis":{"label":"Distribution rollover","detail":"Price has moved down through distribution conditions as Market Dynamics contracted. The completed tape now carries a stronger continuation-risk warning.","tone":"negative"},"chartSummary":"Price is between the outer positioning zones. The Market Dynamics bars show whether underlying support is strengthening or weakening.","summary":"Price has moved down through distribution conditions as Market Dynamics contracted. The completed tape now carries a stronger continuation-risk warning.","annotations":[{"label":"Current tape relationship","value":"Distribution rollover","detail":"Market Dynamics improved this week but remains below zero.","tone":"negative"},{"label":"Price location","value":"Between zones","detail":"Price is travelling between the two major positioning zones.","tone":"neutral"},{"label":"Latest positioning marker","value":"None in view","detail":"Entering the lower zone alone does not create a positioning confirmation.","tone":"neutral"},{"label":"Market Dynamics confirmation","value":"Weakening","detail":"Underlying support has contracted across the recent completed path.","tone":"negative"}],"relationshipEvidence":{"available":false,"observations":13,"summary":"More completed weekly history is needed for a dependable ticker-level record."},"events":{"positioning_recoveries":[],"reversal_warnings":[{"date":"2026-08-14","price":5.028}],"reversal_dangers":[{"date":"2026-05-29","price":5.242},{"date":"2026-08-21","price":4.74}]}},"smTape":{"available":true,"dates":["2025-11-14","2025-11-21","2025-11-28","2025-12-05","2025-12-12","2025-12-19","2025-12-26","2026-01-02","2026-01-09","2026-01-16","2026-01-23","2026-01-30","2026-02-06","2026-02-13","2026-02-20","2026-02-27","2026-03-06","2026-03-13","2026-03-20","2026-03-27","2026-04-03","2026-04-10","2026-04-17","2026-04-24","2026-05-01","2026-05-08","2026-05-15","2026-05-22","2026-05-29","2026-06-05","2026-06-12","2026-06-19","2026-06-26","2026-07-03","2026-07-10","2026-07-17","2026-07-24","2026-07-31","2026-08-07","2026-08-14","2026-08-21"],"close":[3.962,3.673,3.902,4.0475,3.998,4.055,4.2065,4.161,4.7285,4.913,4.719,4.4425,4.347,4.3025,4.558,4.378,4.413,4.4145,4.287,4.1395,4.2925,4.3945,4.7185,4.65,4.599,4.7585,4.822,5.027,5.242,4.98,4.936,5.022,4.756,4.974,4.692,4.4355,4.4855,4.413,4.902,5.028,4.74],"consensus":[-27.8766,-78.6096,79.5276,38.5979,0.0,25.459,30.2559,10.3621,78.7508,71.6063,14.5785,-10.897,-14.4438,-22.1497,31.5455,-23.3608,0.0,0.0,-30.334,-37.3183,13.6567,10.5948,54.8867,11.1303,15.1514,45.0518,23.3559,60.8404,57.9193,0.0,8.3299,21.5821,-12.9345,21.7496,-40.3649,-40.096,-25.9438,-37.0458,49.1944,38.7028,-27.5989],"supportDates":["2025-11-14","2025-11-21","2025-11-28","2025-12-05","2025-12-12","2025-12-19","2025-12-26","2026-01-02","2026-01-09","2026-01-16","2026-01-23","2026-01-30","2026-02-06","2026-02-13","2026-02-20","2026-02-27","2026-03-06","2026-03-13","2026-03-20","2026-03-27","2026-04-03","2026-04-10","2026-04-17","2026-04-24","2026-05-01","2026-05-08","2026-05-15","2026-05-22","2026-05-29","2026-06-05","2026-06-12","2026-06-19","2026-06-26","2026-07-03","2026-07-10","2026-07-17","2026-07-24","2026-07-31","2026-08-07","2026-08-14","2026-08-21"],"control":[null,null,null,null,null,21.7779,27.1605,6.9007,74.3488,65.8487,7.3053,-21.229,-3.0359,-14.8879,40.8307,-26.9507,0.0,0.0,-30.842,-37.8364,24.8733,14.6801,56.043,0.1657,9.3116,46.394,19.5312,59.2622,48.5694,0.0,3.9655,19.585,-0.681,28.4168,-49.6299,-37.2103,-24.5319,-30.9026,52.0184,36.8638,-33.774],"force":[-27.8766,-78.6096,79.5276,38.5979,0.0,22.3954,18.2291,5.4336,95.7126,77.2197,41.2031,-54.7255,-27.3167,-26.1079,43.561,-46.7645,0.0,0.0,-38.6738,-40.138,34.5003,15.2828,67.4598,12.7369,1.2014,45.141,12.45,74.2072,69.4872,0.0,13.1348,20.2551,-19.5157,18.4691,-43.9471,-29.4835,-4.7441,-27.8744,74.164,34.9705,-71.4839],"direction":[null,null,null,null,0.0,31.8543,42.3841,25.6006,71.666,74.177,62.7349,-32.2172,-18.2863,-27.6216,12.3514,-2.5412,0.0,0.0,-23.7965,-34.7121,14.0506,2.5774,44.5845,40.7091,31.7899,43.454,35.5168,53.0962,60.342,0.0,28.6497,24.8123,-22.2379,16.4733,-27.2177,-50.9744,-42.7001,-50.6175,28.1316,43.4703,-10.8048],"intensity":[null,null,null,null,25.0,60.0,100.0,14.2857,100.0,88.8889,50.0,63.6364,58.3333,15.3846,57.1429,40.0,6.25,17.6471,27.7778,42.1053,30.0,66.6667,86.3636,69.5652,29.1667,32.0,57.6923,59.2593,96.4286,68.9655,6.6667,16.129,96.875,87.8788,76.4706,82.8571,25.0,21.6216,97.3684,97.4359,72.5],"confirmation":[31.5872,47.8217,48.1155,35.018,3.8337,76.1096,77.3625,26.7131,93.7843,91.1728,11.866,34.205,50.5215,75.3192,78.3193,53.4674,1.4198,24.6458,77.9533,80.0199,30.4986,48.8043,85.9293,5.7186,49.8456,82.3988,75.1998,87.9003,87.0292,32.4007,4.88,74.8963,49.8597,74.7583,80.8848,80.5513,53.0108,79.6687,84.4602,80.2992,35.0467],"persistence":[null,null,33.3333,0.0,0.0,16.6667,28.5714,37.5,62.5,87.5,87.5,62.5,50.0,25.0,25.0,0.0,12.5,25.0,50.0,50.0,25.0,0.0,0.0,25.0,37.5,50.0,75.0,100.0,100.0,87.5,87.5,87.5,62.5,62.5,37.5,12.5,12.5,25.0,25.0,25.0,25.0],"assessmentRisk":[null,null,null,null,7.8923,35.8728,32.1004,25.1487,10.4329,14.1529,41.5862,46.6579,39.1036,38.4835,47.6884,2.7445,14.6322,20.8978,27.157,21.2242,31.5898,11.6234,21.8408,44.2047,40.7757,26.6685,18.251,19.0365,21.0317,44.0988,25.8403,12.379,43.1859,12.5824,22.1677,29.756,31.6563,31.2137,11.6686,30.0698,53.3865],"volumeParticipation":true,"latest":{"consensus":-27.6,"control":-33.8,"force":-71.5,"direction":-10.8,"confirmation":35.0,"persistence":25.0,"assessmentRisk":53.4,"intensity":72.5,"evidenceDepth":100},"analysis":{"status":"Market Dynamics has stronger support","headline":"The gauges support the downward view","summary":"The completed evidence gives the downward view the clearer support.","take":"Current assessment: downward pressure has the stronger support.","tone":"negative","supportedView":"Market Dynamics","direction":"downward","disagreement":false},"support":{"window":"Latest 12 months","controlState":"Seller control supports the view","controlPath":"Broadly stable","forceState":"Downward commitment","forcePath":"Commitment is strengthening","directionState":"Follow-through is limited","persistenceState":"Unsettled","confirmationState":"Limited support","riskState":"Present","intensityState":"Elevated"},"cards":[{"label":"SM Consensus Gauge","value":"-27.6","detail":"Market Dynamics has stronger support","tone":"negative"},{"label":"SM Control Gauge","value":"-33.8","detail":"Seller control supports the view","tone":"negative"},{"label":"SM Force Gauge","value":"-71.5","detail":"Downward commitment","tone":"negative"},{"label":"SM Direction Gauge","value":"-10.8","detail":"Follow-through is limited","tone":"negative"},{"label":"SM Confirmation Gauge","value":"35/100","detail":"Limited support","tone":"caution"}]},"kpis":[{"label":"Price structure","value":"Rotational","detail":"completed-week alignment","tone":"caution"},{"label":"Momentum","value":"47.8","detail":"Negative","tone":"negative"},{"label":"Risk pressure","value":"6.3%","detail":"Normal","tone":"neutral"},{"label":"Trend quality","value":"11.5","detail":"Range-led","tone":"neutral"},{"label":"Range position","value":"53%","detail":"location inside observed range","tone":"neutral"},{"label":"Adaptive set","value":"6 views","detail":"selected for the current tape","tone":"neutral"}],"charts":[{"key":"price","eyebrow":"Price architecture","title":"Trend, acceptance and volatility envelope","description":"Price is shown against fast and slow trend references with its current volatility 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Market Dynamics construction and private inputs are not disclosed. Historical research is not a forecast or instruction to trade."}